SIMPLIFY YOUR BUSINESS COMPLIANCE
Welcome to ApexCA, your trusted partner for seamless GST registration services. We aim to make your journey to GST compliance effortless with expert guidance, competitive pricing, and a customer-centric approach.
Call us today for a free consultation!
Why is GST Registration Important?
GST (Goods and Services Tax) is a unified indirect tax applicable across India. Registering for GST is mandatory for businesses exceeding specific turnover thresholds or those involved in inter-state transactions. Here’s why it’s crucial:
- Legal Recognition: Allows you to collect GST and claim input tax credits.
- Tax Simplification: Combines multiple indirect taxes into one.
- Business Growth: Facilitates interstate sales and improves market reach.
- Funding Opportunities: Banks and NBFCs often require GST registration for credit approvals.
Benefits of GST Registration
Input Tax Credit Claim
Reduce your tax liability by claiming input credits.
Reduced Tax Burden
Eliminate cascading taxes.
Ease of Doing Business
Enable interstate trade without restrictions.
Higher Credibility
Builds trust among customers and financial institutions.
Access to Composition Scheme
taxation for small businesses.
Types of GST Registration
- Normal Taxpayer: For regular businesses without any deposit requirements.
- Composition Taxpayer: For small businesses with turnover up to ₹1.5 crore, taxed at a fixed rate.
- Casual Taxpayer: For businesses operating temporarily or seasonally.
- Non-Resident Taxpayer: For entities supplying goods/services without a fixed business location in India.
What is GSTIN?
GSTIN (Goods and Services Tax Identification Number) is a 15-digit unique identifier assigned to GST-registered businesses.
Format of GSTIN:
- First 2 digits: State code.
- Next 10 digits: PAN number of the business.
- 13th digit: Number of registrations in a state.
- 14th digit: Default value “Z.”
- 15th digit: Check code (alphabet/number).
Why Choose ApexCA for GST Registration?
Feature
- Expert Guidance: Dedicated professionals guide you through every step.
Feature
- Quick Turnaround: Ensure timely registration.
Feature
- Affordable Pricing: Transparent and competitive rates with no hidden charges.
Feature
- 24/7 Support: Assistance available round the clock.
What Happens If You Don’t Register for GST?
Non-compliance can lead to:
- Financial Penalties:
- Unintentional non-compliance: 10% of tax due (minimum ₹10,000).
- Intentional evasion: 100% of tax due.
- Legal Issues: Frequent audits, notices, and business disruptions.
- Financial Penalties:
Components of GST
- CGST: Central Goods and Services Tax, collected by the central government.
- SGST: State Goods and Services Tax, collected by state governments.
- UTGST: Union Territory Goods and Services Tax, collected in union territories.
- IGST: Integrated Goods and Services Tax, levied on inter-state and import/export transactions.
Filing GST Returns
Filing GST returns is mandatory for all registered businesses. Returns include details of:
- Total sales and purchases.
- Output GST collected.
- Input GST claimed.
Timely filing ensures compliance and prevents penalties.
Frequently Asked Questions
Why should I register for GST?
GST registration is mandatory for businesses meeting specific turnover thresholds. It helps in legal compliance, tax credit claims, and business expansion.
Who needs GST registration?
- Businesses with annual turnover exceeding ₹40 lakhs (₹10 lakhs for special category states).
- Entities engaged in inter-state transactions.
- E-commerce operators and OIDAR service providers.
What is the penalty for not registering under GST?
- Unintentional non-compliance: 10% of tax due (minimum ₹10,000).
- Deliberate evasion: 100% of tax due.
What documents are required for GST registration?
- PAN card of the business owner or entity.
- Proof of business registration (incorporation certificate, partnership deed, etc.).
- Address proof (rental agreement, utility bill, etc.).
- Bank account statement or canceled cheque.
Can I voluntarily register for GST?
Yes, voluntary GST registration is beneficial for businesses looking to:
- Enhance credibility.
- Claim input tax credits.
- Expand into interstate sales.
What is the GSTIN format?
A 15-digit number:
- First 2 digits: State code.
- Next 10 digits: PAN of the taxpayer.
- 13th digit: Entity code (registration count).
- 14th digit: Default “Z.”
- 15th digit: Checksum character.
How long does it take to register for GST?
The process typically takes 3-5 working days, provided all documents are in order.
Is GST registration mandatory for freelancers?
Yes, freelancers earning above ₹20 lakhs annually must register.
Can I update my GST registration details later?
Yes, changes in business name, address, or other details can be updated online.
What is the composition scheme?
The composition scheme allows small businesses to pay GST at a fixed rate without filing detailed returns. It is available for turnover up to ₹1.5 crore.
Select The Right Plan
GST REGISTRATION
Package-
GST REGISTRATION CERTIFICATE
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E-WAY BILL PORTAL REGISTRATION
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GST INVOICING FORMATS
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3 MONTHS RETURN FILING
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CURRENT ACCOUNT OPENING SUPPORT
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SUPPORT REGARDING GST RATES/HSN
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DEDICATED GST & E-WAY BILL EXPERT FOR FIRST 3 MONTHS
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AFFORDABLE GST REGISTRATION CHARGES AT ₹ 1500/- PLUS GST